CEO of the crypto company Ripple, Brad Garlinghouse, confirmed Wednesday that the US Securities and Exchange Commission (SEC) has officially ended its lawsuit against the company. The case, which began over four years ago, had been a key legal battle in the crypto industry.
Garlinghouse criticized the SEC’s actions, arguing that the regulator's approach was more about control than investor protection. He accused the agency, under Chairman Gary Gensler, of damaging the market by erasing $15 billion in value from XRP holders.
He emphasized that Ripple had won on "every critical legal point," establishing that the "XRP digital asset is not a security." He described the case as part of a broader "war on crypto" that ultimately failed. He expressed hope that this decision would guide policymakers in developing clearer regulations for the industry, calling the outcome a "landmark victory" for crypto businesses willing to challenge overregulation.
